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Dec 4, 2012
12/12
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caller: looking at the fiscal cliff, we go back to 2001 with the lowering of the tax rates, meant to create jobs. but in the past 10 or 11 years, we have not had any job creation whatsoever. we keep going back and hearing over and over again that it's going to cost jobs. we do not have jobs to begin with. businesses are out to make money. if consumers do not have money to spend, then you can lower their taxes to 0%. they still cannot spend because they do not have any income. guest: i think that is a great point. it brings up one thing we have not mentioned yet. the payroll tax cut is about to expire. if that expires, every paycheck in the country is going to go down about $1,000 on january 1st. that would hurt consumption. it would hurt the customers of businesses. the president has proposed to extend that. i think that is reasonable. we will see a firm public and keep up their opposition or they give in. we have a sleeper here that cannot be ignored. if we do not extend that, every paycheck in the country is going to go down. guest: i agree. we should extend that for another year.
caller: looking at the fiscal cliff, we go back to 2001 with the lowering of the tax rates, meant to create jobs. but in the past 10 or 11 years, we have not had any job creation whatsoever. we keep going back and hearing over and over again that it's going to cost jobs. we do not have jobs to begin with. businesses are out to make money. if consumers do not have money to spend, then you can lower their taxes to 0%. they still cannot spend because they do not have any income. guest: i think...
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Nov 30, 2012
11/12
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. >> facing the prospect of going over the fiscal cliff or extending the lower tax rate and at the upper one, which would you choose? >> i will do everything i can to avoid putting the american economy and the american people through the fiasco of going over the fiscal cliff. [indiscernible] >> as i told the president a couple of weeks ago, there are a lot of things i have wanted in my life, but almost all of them had a price tag attached to them. if we're going to talk about the debt limit in this, there will be some price tag associated with it. >> are you standing by the dollar-for-dollar on spending cuts? >> i continue to believe that any increase on the debt limit has to be accompanied with spending reductions that meet or exceed it. or exceed it. >> thursday house minority leader nancy pelosi democrats are prepared to vote for middle class tax cuts for 98% of americans. these remarks came after democratic leaders came -- met. >> this doesn't have to be a cliff hanger. the president has his pen poised to sign a middle income tax cut. it has passed the senate and house democrats are
. >> facing the prospect of going over the fiscal cliff or extending the lower tax rate and at the upper one, which would you choose? >> i will do everything i can to avoid putting the american economy and the american people through the fiasco of going over the fiscal cliff. [indiscernible] >> as i told the president a couple of weeks ago, there are a lot of things i have wanted in my life, but almost all of them had a price tag attached to them. if we're going to talk about...
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Nov 20, 2012
11/12
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what are three revenue-raising provisions that a pledge synar can vote for in a fiscal cliff resolution? >> sure, the top tax shrimp -- marginal rate from 35 down to 25 you would have great supply-side effects. european average is 25. we are at 35. the canadians are at 17. the and hemorrhaging cash. they are doing that. lower marginal tax -- tax rates, lower capital gains. obama taking the best tax up to 55% after a million dollars -- death tax up. you do not have to be rich to find a house increasing the value, the money saved up in a 401k. supply-side tax deduction account. selling assets -- you talk about the defense department's sitting on a whole bunch of spectrum that it bought at to make available. a lot of assets you can sell. there is land you consult. a whole bunch of oil and the ground if obama gets out of the way of drilling on federal land rather than making it difficult. drilling for oil and natural gas on federal land has declined under obama. he says, look at all of this new drilling and natural gas. on private land where you cannot stop it yet. that is true. but taking
what are three revenue-raising provisions that a pledge synar can vote for in a fiscal cliff resolution? >> sure, the top tax shrimp -- marginal rate from 35 down to 25 you would have great supply-side effects. european average is 25. we are at 35. the canadians are at 17. the and hemorrhaging cash. they are doing that. lower marginal tax -- tax rates, lower capital gains. obama taking the best tax up to 55% after a million dollars -- death tax up. you do not have to be rich to find a...
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Dec 4, 2012
12/12
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i think that fiscal cliff is just a big red herring. your district has the shortest life span in the country for women. the infant mortalithighest infay rate in the country. we follow mississippi. i think that is where you are leading the country. if the people of the united states want to see where you and the republican party -- come and look at your district. guest: i would be delighted to have people come and look at my district and then it is 14,000 farms and ranches with two military installations. 5 colleges and universities. 11 indian tribes. the best college football team in america. it is a very special place. i would argue with your statistics. i just won reelection with 68% of the vote. having said all that, the idea that the paul ryan budget is about getting rid of social programs is ntot so. it is about saving them. these programs are going bankrupt. all are going to have to be reformed. if the president gets every tax increase he is asking for, let's just assume that he did, it would not come close to solving the budgetar
i think that fiscal cliff is just a big red herring. your district has the shortest life span in the country for women. the infant mortalithighest infay rate in the country. we follow mississippi. i think that is where you are leading the country. if the people of the united states want to see where you and the republican party -- come and look at your district. guest: i would be delighted to have people come and look at my district and then it is 14,000 farms and ranches with two military...
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Dec 7, 2012
12/12
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MSNBC
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he said "republicans are seriously considering a doomsday plan if fiscal cliff talks collapse entirely. it would be quite simple. house republicans would allow a vote on extending the bush middle class tax cuts. that bill already passed in august in the senate. and offer the president nothing more. no extension to the debt ceiling, nothing on unemployment, nothing on loopholes. congress would recess for the holidays and the president would face a big battle early in the year over the debt ceiling. ." two republican officials tell me this is becoming the most likely scenario. "the new york times" added more detail including this amazing quote from rep michael c. burgess of texas. "there's always better ground, but we have to get there." in this case the better ground is exchanging the threat of a congressionally induced recession for the threat of a congressionally induced global financial crisis combined with recession. that, that is your better ground? that's a big plan? it's not -- it's not better ground for the economy. and, frankly, i find it difficult to see how it's better politi
he said "republicans are seriously considering a doomsday plan if fiscal cliff talks collapse entirely. it would be quite simple. house republicans would allow a vote on extending the bush middle class tax cuts. that bill already passed in august in the senate. and offer the president nothing more. no extension to the debt ceiling, nothing on unemployment, nothing on loopholes. congress would recess for the holidays and the president would face a big battle early in the year over the debt...
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Nov 6, 2012
11/12
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>>shepard: and the matter of the fiscal cliff. >>guest: that is the biggest thing facing america right now, the biggest issue. how do you resolve the fact that the united states is spending more than it is taking in, in revenue, year after year after year? our taxes will go up, is spending going down? if spending goes down that means more austerity at home and abroad throughout europe and in asia? that means kind of reservation -- stimulation and continued slow job growth. >>shepard: we are reading about the fiscal cliff and if we stay with the fail-safe, not that people think it will, but if we do, our austerity measures would be three times that of spain. and spain now is at 25 percent unemployment. >>guest: the presumption is the fiscal cliff would be avoided put in there as an incentive. get something done, or this cut goes into affect. but whether or not we see coming out out of this election, any change in the status quo, even if mitt romney is elected, is there going to an submit house of representatives and senate? can he
>>shepard: and the matter of the fiscal cliff. >>guest: that is the biggest thing facing america right now, the biggest issue. how do you resolve the fact that the united states is spending more than it is taking in, in revenue, year after year after year? our taxes will go up, is spending going down? if spending goes down that means more austerity at home and abroad throughout europe and in asia? that means kind of reservation -- stimulation and continued slow job growth....
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Nov 3, 2012
11/12
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i don't like that term, but the fiscal cliff, and he will be able to make a stand and finally get rid of the bush rates, at least for the high earners. that will be a big difference. >> something has to happen. >> if obstruction is rewarded, he will be emotionally hurt. it will bother me deeply. i wouldn't blame harry reid for obstructing in response. it's not right. i shouldn't feel that way. he shouldn't do that. i don't like the republicans did it. so we shouldn't do it back. but i wouldn't blame him. >> revenge! >> absolutely. i don't think the democrats can do it. i don't think that we are idealogically unified in that way. and we talk about that republicans like stand on principle, and democratic voters like stand on compromise. go for compromise. that's not what the democrats are about. i don't know if they are going to be able to do that. >> well, i just had a to-do list. whoever is elected, we'll start with obama, i have a to do list. if we can put it up on the screen. should it look pretty familiar to his supporters, because it's all of the things that he promised to do and
i don't like that term, but the fiscal cliff, and he will be able to make a stand and finally get rid of the bush rates, at least for the high earners. that will be a big difference. >> something has to happen. >> if obstruction is rewarded, he will be emotionally hurt. it will bother me deeply. i wouldn't blame harry reid for obstructing in response. it's not right. i shouldn't feel that way. he shouldn't do that. i don't like the republicans did it. so we shouldn't do it back. but...
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Dec 8, 2012
12/12
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when you hear about the fiscal cliff, it is not really the tax rate. i do not buy that at all. i do not think we need to increase these tax rates. >> if you go over and the tax rates go up on everyone and all that goes away -- >> i do not think we should do it. i think we should resolve this. it depends on if we do something about it in the next month or two after that. if we do something in 30 days or 90 days and we are clear about that, but nothing people believe we are going to do something until we do it. >> the to go to the broader concern. does the top rate have to end the 39.6% the way it was under bill clinton? could be democrats accept something between if it was coupled with a reduction in the ability on the top 2% to except a reduction of deductions? >> i do not want to second-guess what we might decide. i do not think that is what we should debate the right now. multimillionaires and what deductions they can take is something different. this is where we are. >> that is in addition to. >> yes, in addition to. the problem with having that debate now suggests that that
when you hear about the fiscal cliff, it is not really the tax rate. i do not buy that at all. i do not think we need to increase these tax rates. >> if you go over and the tax rates go up on everyone and all that goes away -- >> i do not think we should do it. i think we should resolve this. it depends on if we do something about it in the next month or two after that. if we do something in 30 days or 90 days and we are clear about that, but nothing people believe we are going to...
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Dec 29, 2012
12/12
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whole suite of things that were part of the fiscal cliff that aren't going to be touched. we'll have the debt ceiling rehash, all of these things come back in the first couple of weeks. >> we have a timeline issue here, we just -- a few days away, things have to -- things don't move quickly in washington as we know. there are rules in both houses of when things can come up, how much time has to pass for debate. they have to change rules to get it through quickly. even if senate comes up with the deal. mcconnell and harry reid come up with the deal. they accept it to the house on sunday night, monday morning. what are the chances of them getting their ducks in a row, boehner getting his ducks in a row and us still being able to avoid the krif? >> right. we should have a better sense of that by tomorrow afternoon when they start to reconvene. speaker boehner made it clear at the meeting at the white house on friday, anything that the senate passes will be considered by the house, might be amended, might be changed a bit. has to go back to the senate quick for changes. but he
whole suite of things that were part of the fiscal cliff that aren't going to be touched. we'll have the debt ceiling rehash, all of these things come back in the first couple of weeks. >> we have a timeline issue here, we just -- a few days away, things have to -- things don't move quickly in washington as we know. there are rules in both houses of when things can come up, how much time has to pass for debate. they have to change rules to get it through quickly. even if senate comes up...
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Dec 15, 2012
12/12
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what is it drives home to me is that when we're talking about these fiscal cliff discussions, if the rates are simply raised, especially on the more well-to- do people, they can afford to hire smart people like this gentleman to figure out deductions and ways that they do not have to pay those rates. it seems to me that simply increasing the rates on wealthy people and thinking that is going to raise money seems to be a false promise. i think the approach of reducing deductions will wind up generating more money. guest: i think you could be absolutely right about that. there are lots of ways that we have tax breaks. deductions are not really the biggie. the big one is exclusions, things that we get that are not taxed in the first place. employer-provided health insurance is the huge one. right now, our employers pay $20,000 for health insurance for us and we are not taxed for that. this is the kind of thing they are looking at. if you look at the erskine bowles commission report, it is unbelievable, the revenue raisers that there in that report. it will raise a lot of money and close
what is it drives home to me is that when we're talking about these fiscal cliff discussions, if the rates are simply raised, especially on the more well-to- do people, they can afford to hire smart people like this gentleman to figure out deductions and ways that they do not have to pay those rates. it seems to me that simply increasing the rates on wealthy people and thinking that is going to raise money seems to be a false promise. i think the approach of reducing deductions will wind up...
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Dec 4, 2012
12/12
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cliff standoff. he put his foot down on what is negotiable and what is not. >> we have to say the rates on the top 2% go up. and we're not going to get a deal without it. understand the reason for that. it's not me being stubborn. it's not me being partisan. it's just a matter of math. i'm happy to entertain other ideas the republicans may present, but we are not going to cut our way to prosperity or cut our way out of the deficit problem we have. >> so, are we on the verge of something big, something that could really change our politics? joining me now, senator barbara boxer, democrat from california and whip of the senate. thank you for being on the show. >> i love being on your show. thank you. >> if the gop agrees to tax increases, how important might that be in terms of showing they actually are capable of working with the president? >> you know, the way they raised the question, if they agree to tax increases, they claim they're willing to do these loop-hole closers but the difference here is
cliff standoff. he put his foot down on what is negotiable and what is not. >> we have to say the rates on the top 2% go up. and we're not going to get a deal without it. understand the reason for that. it's not me being stubborn. it's not me being partisan. it's just a matter of math. i'm happy to entertain other ideas the republicans may present, but we are not going to cut our way to prosperity or cut our way out of the deficit problem we have. >> so, are we on the verge of...
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Nov 9, 2012
11/12
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CNBC
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that said, if you think the fiscal cliff is going to be resolved by tax rates not going up that much and apple falls to a level that is just too cheap on a dividends basis which wouldn't be all that far, you may be tempted to hold on for new product we don't know about that's been developed post jobs, tall order. again, i save some stock for action alerts. i feel like something good could happen. if you want to hold on to your apple? you have to write your congress person. she's in charge right now, not apple. and last i looked, i would rather pay uncle sam $1 today than $2 tomorrow. stay with cramer. n you take a c. ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. [ male announcer ] the way it moves. the way it cleans. everything about the oral-b power brush is simply revolutionary. ora
that said, if you think the fiscal cliff is going to be resolved by tax rates not going up that much and apple falls to a level that is just too cheap on a dividends basis which wouldn't be all that far, you may be tempted to hold on for new product we don't know about that's been developed post jobs, tall order. again, i save some stock for action alerts. i feel like something good could happen. if you want to hold on to your apple? you have to write your congress person. she's in charge right...
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Nov 14, 2012
11/12
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CNBC
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the fiscal cliff may be solved and interest rates, as you say, may indeed go up. >> true. munis are a whole different story. they'll suffer but not as much because of the tax-free nature. if you buy them by themselves, they'll mature. bond funds have no maturity and therein lies the problem. >> thank you, mr. clark. to summarize, go short duration if you're in a fund and try to hedge it with an etf. carl, back to you. >> good advice. european close coming up after a break. don't go away. future. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ >>> the european markets are closing now. >> not only a sea of red, simon, but a lot of data out of europe that wasn't encouraging either. >> that's true. for many in financial markets, also the turmoil you see on the st
the fiscal cliff may be solved and interest rates, as you say, may indeed go up. >> true. munis are a whole different story. they'll suffer but not as much because of the tax-free nature. if you buy them by themselves, they'll mature. bond funds have no maturity and therein lies the problem. >> thank you, mr. clark. to summarize, go short duration if you're in a fund and try to hedge it with an etf. carl, back to you. >> good advice. european close coming up after a break....
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Nov 9, 2012
11/12
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WBAL
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that said, if you think the fiscal cliff is going to be resolved by tax rates not going up that much and apple falls to a level that is just too cheap on a dividends basis which wouldn't be all that far, you may be tempted to hold on for new product we don't know about that's been developed post jobs, tall order. again, i save some stock for action alerts. i feel like something good could happen. if you want to hold on to your apple? you have to write your congress person. she's in charge right now, not apple. and last i looked, i would rather pay uncle sam $1 today than $2 tomorrow. stay with cramer. ♪ buy 5-hour energy pink lemonade and ♪ you can help others along the way. ♪ ♪ a portion of every bottle that they sell goes to fight ♪ ♪ breast cancer and i think that's swell. ♪ ♪ the more you take, the more they'll pay, ♪ ♪ so make them write a big check today. ♪ ♪ and if you're feeling a little slow, ♪ ♪ then 5-hour energy will help you go. ♪ ♪ so buy a bottle of pink lemonade and ♪ ♪ you can help fight breast cancer today. ♪ >> it's not all don
that said, if you think the fiscal cliff is going to be resolved by tax rates not going up that much and apple falls to a level that is just too cheap on a dividends basis which wouldn't be all that far, you may be tempted to hold on for new product we don't know about that's been developed post jobs, tall order. again, i save some stock for action alerts. i feel like something good could happen. if you want to hold on to your apple? you have to write your congress person. she's in charge right...
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. >> reporter: he's calling in members of congress for fiscal cliff meetings next week. but the main republican negotiator, again, will be speaker john boehner. >> and the problem with raising tax rates on the wealthiest americans is that more than half of them are small business owners. we know 700,000 jobs will be destroyed. >> reporter: boehner insists the middle class and the government would get more money, if tax rates drop. >> we know that we're going to get more economic growth. it will bring jobs back to america. it will bring more revenue. >> reporter: republicans say they won't budge on taxes, unless democrats agree to cut the out of control costs of social security and medicare. raising the minimum ages to start. it's the same debate president obama had with mitt romney in a campaign that left him drained. this emotional video just released of his thank you to staffers in chicago. tears on barack obama's cheeks, looking a bit like john boehner can. but, now, they will battle. for the past four years up here, republicans had been super unified. not one defecti
. >> reporter: he's calling in members of congress for fiscal cliff meetings next week. but the main republican negotiator, again, will be speaker john boehner. >> and the problem with raising tax rates on the wealthiest americans is that more than half of them are small business owners. we know 700,000 jobs will be destroyed. >> reporter: boehner insists the middle class and the government would get more money, if tax rates drop. >> we know that we're going to get more...
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Nov 20, 2012
11/12
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if we go over the fiscal cliff, which is actually more of a hill than a fiscal cliff. what that means essentially is that all tax rates go back to the clinton tax rates. the clinton tax rates were not that horrible. i was happy to be and proud to be a member of the clinton administration and we had a very good economy. >> congressman, are you okay with those rates? >> i don't accept, and i usually agree with the professor, i don't accept that we should all just wait until the new administration comes in. i don't think that puts us in a better place at all. we could raise a lot of money and lose a lot of money at the same time if we let all the tax cuts expire. there's no guarantees that the middle class tax cuts will pass. you're going to have a few less republicans in the house of representatives. i don't agree with that. i think we should make an effort. let me tell you something. i think we should look at the example of president when he was a senator, senator obama and senator mccain, when they made that decision in september, both of them, in the heat of a preside
if we go over the fiscal cliff, which is actually more of a hill than a fiscal cliff. what that means essentially is that all tax rates go back to the clinton tax rates. the clinton tax rates were not that horrible. i was happy to be and proud to be a member of the clinton administration and we had a very good economy. >> congressman, are you okay with those rates? >> i don't accept, and i usually agree with the professor, i don't accept that we should all just wait until the new...
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Dec 12, 2012
12/12
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in a sense what we are talking about with the fiscal cliff where there may be a deal on tax rates and later next year deal with entitlements in the deficits and debt ceiling and the other issues facing us. would you support backing away from a comprehensive legislation to perhaps piece meal it together or are we past that at this point with so many millions of people in the country illegally? >> there is a consensus growing that piece meal doesn't work. every time we had an individual element of the comprehensive immigration reform and taken one piece and putting it on the floor, it becomes where everybody else wants to add on. if you put ag jobs on the floor for the agriculture industry, the high tech industry said wait a minute, we need visas for high tech workers. site food industry said we need the low visas for ship hands. then you have the hotel and restaurant industry. you have a series of elements that become a demand. you are back to trying to solve the problem comprehensively. there is a agreeing consensus that we have to achieve through comprehensive reform. what that pathw
in a sense what we are talking about with the fiscal cliff where there may be a deal on tax rates and later next year deal with entitlements in the deficits and debt ceiling and the other issues facing us. would you support backing away from a comprehensive legislation to perhaps piece meal it together or are we past that at this point with so many millions of people in the country illegally? >> there is a consensus growing that piece meal doesn't work. every time we had an individual...
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Nov 5, 2012
11/12
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>>guest: mitt romney said he does not want taxes going up on anyone, the fiscal cliff. if you look at it, it is the marginal rates, capital gains and dividends, the debt tax, the marriage penalty, all of these things will go towards higher taxes for everyone. mitt romney has said we don't want to see that especially not in an economy right now and especially in a situation where we have not fixed the spending problem. i believe mitt romney's election will lead to taxes not going up and we will set up a process where we will see tax reform happen to simplify the code, lower the rates for everyone, fill the loopholes could get on about the business of growing the economy which has been the focus and should be the focus the last fur years -- four years. >>neil: joe biden in another interview said that if president obama is re-elected republicans will come to the table because the temperature would have burst, the fever would be burst and they will be more willing to work rather than constantly challenge and yell and scream. what do you think 1/2? >>guest: well, i can tell
>>guest: mitt romney said he does not want taxes going up on anyone, the fiscal cliff. if you look at it, it is the marginal rates, capital gains and dividends, the debt tax, the marriage penalty, all of these things will go towards higher taxes for everyone. mitt romney has said we don't want to see that especially not in an economy right now and especially in a situation where we have not fixed the spending problem. i believe mitt romney's election will lead to taxes not going up and we...
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Nov 14, 2012
11/12
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could the flight path be changing or will fiscal cliff concerns keep it grounded? cramer is reading the flight plan in tonight's edition of off the charts, all coming up on "mad money." ♪ ♪ ♪ [ male announcer ] don't just reject convention. drown it out. introducing the all-new 2013 lexus ls f sport. an entirely new pursuit. >>> it has become clear that with the obama reelection, the fuel for service vehicles probably not going to be aided by washington for at least the next four years. they nat gas stocks may have reached expectations so low they can rally. last night this company got really good news. clean energy is buying two lng plants from general electric. these plans will be able to produce enough to support a network of 70 fueling stations at truck stops along the interstate. clean energy is becoming for integrated which would give them an edge down the road. let's find out more about how the company is doing and where it is headed. talk about what this means for your company and also for long haul truckers across the country. >> it important for us.
could the flight path be changing or will fiscal cliff concerns keep it grounded? cramer is reading the flight plan in tonight's edition of off the charts, all coming up on "mad money." ♪ ♪ ♪ [ male announcer ] don't just reject convention. drown it out. introducing the all-new 2013 lexus ls f sport. an entirely new pursuit. >>> it has become clear that with the obama reelection, the fuel for service vehicles probably not going to be aided by washington for at least the...
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Nov 9, 2012
11/12
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john boehner says any deal to avert the so-called fiscal cliff should include lower tax rates, eliminating the special interest the polls, and revising the tax code. boehner said also in this store that he had a brief conversation with the president earlier this week, as the chief executive and congressional leaders negotiate a way to avoid the fiscal cliff, and as we heard from the president, he has invited the congressional leaders to the white house next week to get to work on this. will in albuquerque, go ahead. caller: i like what the president spoke about, but i got to get this off my head. boehner, what are you doing? c'mon, man. work with the president. you always want to say you are working with the present, but you are just spinning the wheels as a republican, and i honestly i did not understand that. we own a small business in albuquerque, and his thing about this to and $50,000 a year type thing, spending and losing jobs it for business is ridiculous, and i personally believe that if boehner does not get off his butt and start working with the democrats, he is making himself lo
john boehner says any deal to avert the so-called fiscal cliff should include lower tax rates, eliminating the special interest the polls, and revising the tax code. boehner said also in this store that he had a brief conversation with the president earlier this week, as the chief executive and congressional leaders negotiate a way to avoid the fiscal cliff, and as we heard from the president, he has invited the congressional leaders to the white house next week to get to work on this. will in...
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Aug 16, 2012
08/12
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i think however we have to go over the fiscal cliff. horrifies almost everybody in washington but i will tell you why. there's no chance we are going back to the clinton tax rates unless we do that and we need to go back to the clinton tax rates. secondly there's no chance we'll cut the defense budget unless we do that and we need to cut the defense budget. yet they are some things that will be very painful for those of us on the progressive side and it will tip us into a recession according to the congressional budget office, the most nonpartisan people in the country look at the budget and we will see a 1.3% decline for two can set of quarters in a 2.3% increase over the years. it's a very tough price but as the -- there's going to be no agreement in washington and i also agree with roger completely on it. the fact is we need to do these things. he cannot go on with the kinds of deficits we have and we have been saying that since the coalition was put together by warren buffett and paul tsongas. that was a long time and with the excep
i think however we have to go over the fiscal cliff. horrifies almost everybody in washington but i will tell you why. there's no chance we are going back to the clinton tax rates unless we do that and we need to go back to the clinton tax rates. secondly there's no chance we'll cut the defense budget unless we do that and we need to cut the defense budget. yet they are some things that will be very painful for those of us on the progressive side and it will tip us into a recession according to...
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Nov 30, 2012
11/12
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the republican nightmare is there is a stand off they go over the fiscal cliff, after all the tax rates go up and the president, of course, proposals to lowerren's -- lower everyone's taxes but the highest and if the republicans resist he will say the republicans are talking you from getting a middle-class tax cuts because they want to recollect their millionaire friends. if republicans are going to agree to higher tax rates for the highest bracket, do it quickly, and, then, president obama would be the one who is refusing it because he is throwing in all sorts of extra things like total executive branch control of the debt limit. >>neil: who came up with the $50 billion in new surplus spending in the middle of this? come on! >>guest: the question, it is an interesting offer, kind of an office that the president gave yesterday which was call it disrespectful, a disrespectful offer and the question is, are republicans going to take it personally and get mad about it? or will they say, well, this is the early stage. we are standing around and snorting and we will get down to serious stuff
the republican nightmare is there is a stand off they go over the fiscal cliff, after all the tax rates go up and the president, of course, proposals to lowerren's -- lower everyone's taxes but the highest and if the republicans resist he will say the republicans are talking you from getting a middle-class tax cuts because they want to recollect their millionaire friends. if republicans are going to agree to higher tax rates for the highest bracket, do it quickly, and, then, president obama...
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Nov 7, 2012
11/12
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CNBC
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must resolve the fiscal cliff to maintain that aaa credit rating. we'll talk to the man taking the call coming up, david riley and at&t raising its dividend this morning. news about capital spending. david faber has an exclusive interview with ceo randall stephenson live from new york city. futures look weak down 1/14. "squawk on the street" live from post nine is back in a minute. i was in the ambulance and i was told to call my next of kin. at 33 years old, i was having a heart attack. now i'm on a bayer aspirin regimen. [ male announcer ] be sure to talk to your doctor before you begin an aspirin regimen. i didn't know this could happen so young. take control, talk to your doctor. ♪ welcome to the world leader in derivatives. welcome to superderivatives. >>> president obama enjoying an election victory. phil lebeau joins us from mccormick place in chicago where the speech took place talking about the mood there today and the hard work begins again. >> reporter: it will be interesting to see over the next couple of weeks besides the fiscal cliff
must resolve the fiscal cliff to maintain that aaa credit rating. we'll talk to the man taking the call coming up, david riley and at&t raising its dividend this morning. news about capital spending. david faber has an exclusive interview with ceo randall stephenson live from new york city. futures look weak down 1/14. "squawk on the street" live from post nine is back in a minute. i was in the ambulance and i was told to call my next of kin. at 33 years old, i was having a heart...
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Dec 4, 2012
12/12
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he's got to get it done -- >> he's got to get it done -- >> you go off that fiscal cliff you're part of the chaos and you're in the midst of the chaos. >> however he gets there, he will get there. >> okay captain ahab. >> thank you, michael and steven. . i'm where michael tonight. drives people crazy. a broken clock is right twice a day. up next, the latest from sarah palin who is never, ever right! she says the president is turning the nation commie. wait until you hear her. she's still at it and totally irrelevant. this is "hardball," the place for politics. two years ago, the people of bp made a commitment to the gulf. bp has paid over twenty-three billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. look this isn't my first christmas. these deals all seem great at
he's got to get it done -- >> he's got to get it done -- >> you go off that fiscal cliff you're part of the chaos and you're in the midst of the chaos. >> however he gets there, he will get there. >> okay captain ahab. >> thank you, michael and steven. . i'm where michael tonight. drives people crazy. a broken clock is right twice a day. up next, the latest from sarah palin who is never, ever right! she says the president is turning the nation commie. wait until...
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Dec 1, 2012
12/12
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i know the speaker as well as i do not want to see us go over the fiscal cliff, but feel very strongly we've got to get serious here. we don't want to increase tax rates. we're not going to increase tax rates. and we want to do something about the spending problem. and remember, the good will, the piece that is, i think, determinive here, the speaker's put new revenues on the table just after the election and said we get it. the president won his re- election. we won ours. we have to now come together. here is our proposal to the speaker -- to the president that we were unwilling to give a year and a half ago. >> they know they need to put revenant on the table, but will you come back and give them the entitlement cuts? >> we will take this as a serious matter. this is not a game. we are interested in trying to solve the problem for the american people so that we do not see taxes go up on anybody, so we can engage in reform, get the economy going again. we're not playing a game. that offer yesterday was not serious. thank you. >> next, nancy pelosi answers fiscal cliff questions. this
i know the speaker as well as i do not want to see us go over the fiscal cliff, but feel very strongly we've got to get serious here. we don't want to increase tax rates. we're not going to increase tax rates. and we want to do something about the spending problem. and remember, the good will, the piece that is, i think, determinive here, the speaker's put new revenues on the table just after the election and said we get it. the president won his re- election. we won ours. we have to now come...
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Oct 18, 2012
10/12
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FOXNEWS
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no leadership when it comes to the fiscal cliff we will face with tax rates going up january 1 or the sequester hitting january 2nd or the need to increase the debt limit in the middle of february. the president has been awol campaigning since a year ago labor day. >>carl: the white house denying the president is awol and sees no point sitting down if they will not do what he wants which is tax increases on the table and republicans say they will not do that. that is the key obstacle to a deal and both are willing to play chicken until at election. they want to see who is in power . carl karl the idea they will get anything before the election is ridiculous. the partisan will be loud. it is so nasty there is no way they can get back to the table after the election to negotiate. they know they will negotiate. they will throw everything they can and the kitchen sink at each other so a lot of this is disingenuous. both sides will go make a deal knowing they will not sit down until a. it will be water under the dam. >>shepard: we talk about the electoral count and the map has changed. i h
no leadership when it comes to the fiscal cliff we will face with tax rates going up january 1 or the sequester hitting january 2nd or the need to increase the debt limit in the middle of february. the president has been awol campaigning since a year ago labor day. >>carl: the white house denying the president is awol and sees no point sitting down if they will not do what he wants which is tax increases on the table and republicans say they will not do that. that is the key obstacle to a...
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Nov 9, 2012
11/12
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will go over the fiscal cliff next year. the rating agency however says policymakers are likely to compromise in time to avoid most if not all potential economic effects of that. meanwhile nonpartisan cbo says if america does go over the cliff, the economy will return to a recession and unemployment will go over 9%. joining us now with the european perspective is an draw balls from pimco. andrew, good morning. we've spent so much time talking aboutdraw balls from pimco. andrew, good morning. we've spent so much time talking abouteaw balls from pimco. andrew, good morning. we've spent so much time talking aboutw balls from pimco. andrew, good morning. we've spent so much time talking about the fiscal cliff. what outcome do you view as most likely? >> the biggest risk is gridlock. we stau last summer when the u.s. was downgraded by one of the ratings agencies. so that's a big race. and related to that, even with the relatively benign outcome, this is a very difficult dispiriting process and kind pact confident business investm
will go over the fiscal cliff next year. the rating agency however says policymakers are likely to compromise in time to avoid most if not all potential economic effects of that. meanwhile nonpartisan cbo says if america does go over the cliff, the economy will return to a recession and unemployment will go over 9%. joining us now with the european perspective is an draw balls from pimco. andrew, good morning. we've spent so much time talking aboutdraw balls from pimco. andrew, good morning....
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Nov 25, 2012
11/12
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on the wealthy will steer the country away from the fiscal cliff but the democrats insist it will. >> i am opposed to raising tax rates but i do believe we can close a lot of loopholes. >> they have to go up real tax rates or effective tax rates. second, though, we have to close some significant loopholes. >> republican senator graham is okay with new revenue and willing to cap deductions but only if democrats agree to reform entitlements such as social security and medicare. >> i don't expect the democrats to go for premium support or voucher plan but i do expect them to adjust the entitlement programs before necessity bankrupt the country. >> some entitlement reform is okay with illinois democratic senator durbin but he thinks social security should be last alone. >> social security does not add one penny to our debt. it is a separate funded operation and we can do things and i believe we should, now, played out long term that gives it solvency. >>peter: congressman king says no one will get what he wants but in president reagan and thomas "tip" o'neill could make a deal, so, too,
on the wealthy will steer the country away from the fiscal cliff but the democrats insist it will. >> i am opposed to raising tax rates but i do believe we can close a lot of loopholes. >> they have to go up real tax rates or effective tax rates. second, though, we have to close some significant loopholes. >> republican senator graham is okay with new revenue and willing to cap deductions but only if democrats agree to reform entitlements such as social security and medicare....
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Dec 5, 2012
12/12
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he's got to get it done -- >> he's got to get it done -- >> you go off that fiscal cliff, you're part of the chaos and you're in the midst of the chaos. >> however he gets there, he will get there. >> okay, captain ahab. thank you, michael steele and steven mcmahon. i'm with michael tonight. drives people crazy. a broken clock is right twice a day. >>> up next, the latest from sarah palin who is never, ever right! she says the president is turning the nation commie. wait until you hear her. she's still at it and totally irrelevant. this is "hardball," the place for politics. [ thunder crashes] [ female announcer ] some people like to pretend a flood could never happen to them. and that their homeowners insurance protects them. [ thunder crashes ] it doesn't. stop pretending. only flood insurance covers floods. ♪ visit floodsmart.gov/pretend to learn your risk. >>> back to "hardball." in the "sideshow," a protest takes a turn for the better. it started out when ohio senator rob portman took to a stage at a fix the debt conference in washington today. a group of protesters pre-empted
he's got to get it done -- >> he's got to get it done -- >> you go off that fiscal cliff, you're part of the chaos and you're in the midst of the chaos. >> however he gets there, he will get there. >> okay, captain ahab. thank you, michael steele and steven mcmahon. i'm with michael tonight. drives people crazy. a broken clock is right twice a day. >>> up next, the latest from sarah palin who is never, ever right! she says the president is turning the nation...
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Sep 29, 2012
09/12
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FBC
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lori: so, with reference to the fiscal cliff, it could tip the u.s. and possibly the global economy into recession. we know what's going on in your. at the very least it would be likely to have the rate of global growth in 2013. what you think will happen after the birth? >> it would be irresponsible if not immoral to not fix the fiscal cliff. the tax increases are foreign $40 billion. think of this is taking all the regulations that have been issued and then hitting them in one big fell swoop on january 1st. there is no way we can avoid a recession. the congress has to come back and the president has to take some leave and sick, this is not economically sensible. we cannot raise taxes. they have to fix the fiscal cliff. lori: what do you think voters think about all of this? were talking about scary numbers, but the polls might reflect differently. >> that think we're feeling the effects of the fiscal cliff right now. quite frankly contractors are worried about their cats, talking to workers, worried about their jobs. that does not help the economy g
lori: so, with reference to the fiscal cliff, it could tip the u.s. and possibly the global economy into recession. we know what's going on in your. at the very least it would be likely to have the rate of global growth in 2013. what you think will happen after the birth? >> it would be irresponsible if not immoral to not fix the fiscal cliff. the tax increases are foreign $40 billion. think of this is taking all the regulations that have been issued and then hitting them in one big fell...
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Aug 20, 2012
08/12
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governor dean said that we need this fiscal cliff. it is a whole separate issue. >> it is now 6:36, we were going to finish at 6:30. i would like to go to 6:45, is that ok with you? let's take a couple of questions. led the have a question from here and perhaps a question from back there? if that is ok with the panel. >> you just brought up part of my question. we have been talking about this cliff but what happens if congress does not do anything? what if we do not try to shut it off of a cliff? what is the worst in happens if -- stays levels days wettes where it is. >> if congress does nothing, you go off the cliff. >> if congress does just enough to not go off a cliff, but not enough to slash it down -- >> let's take another question. i have a health insurance customers. it frustrates me when i see -- i do not think business has taken the opportunity under the affordable care at, and states to do not want to put up these insurance exchanges, it would seem to me that business has missed a great opportunity to say, we want to be out
governor dean said that we need this fiscal cliff. it is a whole separate issue. >> it is now 6:36, we were going to finish at 6:30. i would like to go to 6:45, is that ok with you? let's take a couple of questions. led the have a question from here and perhaps a question from back there? if that is ok with the panel. >> you just brought up part of my question. we have been talking about this cliff but what happens if congress does not do anything? what if we do not try to shut it...
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Nov 30, 2012
11/12
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the biggest issue that's causing the fiscal cliff is the tax rates going up on the middle class. especially in this time now when we're getting out of this recession. we're seeing some robust growth. we want the christmas sales to be good. if the middle class knew that they're going to keep their tax cut, it would put a smile on everybody's face. and both parties can take credit for it. why won't they do it? there's only one answer. they're obsessed with protecting billionaires and millionaires. it's a sad state of affairs. >> one thing that we've seen in the days leading up, at least through this week, that there has been optimism from both sides expressed by speaker boehner, also by the president, and also republican tom cole, congre congressman, seem to be on board. now we have conservatives like charles krauthammer putting out their pieces saying let's go over the fiscal cliff, let the president do this. then john cornyn, republican from texas, saying apparently the president wants us to go over the fiscal cliff. this is serious business, demanding higher taxes, more stimulus
the biggest issue that's causing the fiscal cliff is the tax rates going up on the middle class. especially in this time now when we're getting out of this recession. we're seeing some robust growth. we want the christmas sales to be good. if the middle class knew that they're going to keep their tax cut, it would put a smile on everybody's face. and both parties can take credit for it. why won't they do it? there's only one answer. they're obsessed with protecting billionaires and...
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Dec 19, 2012
12/12
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WBAL
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both sides appear to be even closer to a deal with regard to the fiscal cliff, but just in case negotiations stall house republican leaders are pitching a plan b. under the backup plan, tax rates for those earning more than $1 million a year would increase to 39.6%. democrats quickly rejected the suggestion. hundreds of baltimore city temporary school employees will lose their jobs before christmas. administrators say they are making the cuts to avoid duplicating positions, some of which have been on the payroll more than three years. the president of the teachers' union spoke with us -- she says the move will help school officials make good on contract promises. >> we have a surplus in place. >> jobs being filled by temporary employees. >> apparently they have been killed by temporary employees -- that is a problem. >> for the system. >> for the system -- we want our people to be placed in these positions that are available. >> cuts are expected to begin friday. baltimore county officials say a member of the umbc campus community has been diagnosed with tuberculosis. officials did not discl
both sides appear to be even closer to a deal with regard to the fiscal cliff, but just in case negotiations stall house republican leaders are pitching a plan b. under the backup plan, tax rates for those earning more than $1 million a year would increase to 39.6%. democrats quickly rejected the suggestion. hundreds of baltimore city temporary school employees will lose their jobs before christmas. administrators say they are making the cuts to avoid duplicating positions, some of which have...
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. >>> today we could find out if concerns over the fiscal cliff are taking a toll on the unemployment rate. the labor department will release its november jobs report. economists expect the unemployment rate to remain at 7.9%. they believe the economy added fewer than 100,000 jobs last month. some think that that number could be fewer than 50,000. they say companies may be waiting to see if we plunge off the fiscal cliff before hiring more employees. economists say superstorm sandy also likely slowed job growth last month. negotiations on a budget deal will continue today. meanwhile, president obama says a northern virginia family is proof that a deal must get done before the end of the year. he met with tiffany and richard santana yesterday. the middle class couple is living with tiffany's parents to help make ends meet. she wrote about her struggles to the white house as part of a social media campaign. >> at first it was just that white house.gov was going to come and get a little more information about our story, and we really thought it was going to be that, just white house.gov
. >>> today we could find out if concerns over the fiscal cliff are taking a toll on the unemployment rate. the labor department will release its november jobs report. economists expect the unemployment rate to remain at 7.9%. they believe the economy added fewer than 100,000 jobs last month. some think that that number could be fewer than 50,000. they say companies may be waiting to see if we plunge off the fiscal cliff before hiring more employees. economists say superstorm sandy...
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Dec 7, 2012
12/12
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cliff expire, go down the fiscal cliff for tax rates, and adjust the taxes for the 98% through the rebate process. and this could be available for anyone, any president. let the bush tax rates apply as a ceiling, and then apply the rebate process to control the 98%. host: why do you propose that? what is the advantage in your view? caller: because the executive branch, the president, whoever it is, would have the ability to adjust the tax effectively for anyone who falls below the clintons' ceiling, and they could do this anytime. they would not have to go back to congress. guest: it is true that technically the administration can do some things without even the congress's approval, but it would not be a lasting solution. let's say you could freeze the amount of withholding that you pay at the level it was this year, for the 98%, and increase withholdings for everyone else as the law would dictate if you went over the cliff. but the 98%, if they did not actually pass a law to extend the tax cuts for that portion of the population, we would end up having to pay a huge check in 2014 because
cliff expire, go down the fiscal cliff for tax rates, and adjust the taxes for the 98% through the rebate process. and this could be available for anyone, any president. let the bush tax rates apply as a ceiling, and then apply the rebate process to control the 98%. host: why do you propose that? what is the advantage in your view? caller: because the executive branch, the president, whoever it is, would have the ability to adjust the tax effectively for anyone who falls below the clintons'...
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Dec 16, 2012
12/12
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fiscal cliff negotiations. if you would like to talk with matt kibbe, here are the phone numbers. "washington post" says the search begins. the rejection of strategy? what was it? guest: did we debate ideas in 2012? we have a longer conversation about whether or not met romney put the family dog on the roof of his car than we did about health care or taxes. 2012 was almost an issue this debate. we did not debate the big issues like we did in 2010. what does this mean? republicans win when the run on something and not just to get something? and they lose when they tried to run an issueless campaign that comes down to a beauty contest. i hate to say this, but we do not win beauty contests. host: let's talk about the tea party is power in washington and who you have thrown your support behind recently. they have lost power in the house when they have decided committee assignments. where does that put you? how was that something you're dealing with right now? guest: did fairly hostile act by leadership. it is quite
fiscal cliff negotiations. if you would like to talk with matt kibbe, here are the phone numbers. "washington post" says the search begins. the rejection of strategy? what was it? guest: did we debate ideas in 2012? we have a longer conversation about whether or not met romney put the family dog on the roof of his car than we did about health care or taxes. 2012 was almost an issue this debate. we did not debate the big issues like we did in 2010. what does this mean? republicans win...
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Nov 14, 2012
11/12
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FOXNEWS
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to see the rates raised where does it leave negotiations over the fiscal cliff? >> the negotiations haven't begun and they won't begin in earnest until after thig. there is a lot of speaking to the microphones. inside game and outside game that both parties are playing. obama inside game is telling labor and friends on the left he is not going to one and assuring them he will fight the big fight. at the same time, what i heard in the press conference in another statement was actually popeness to create i ways of producing more revenue that he is open and not going to close down discussions as long as they end up taxing the wealthy. and the middle class don't get hit. so he is trying to not double down on rates as the republicans are running around saying we can't raise rates. i do believe that there is some willingness for him to be open as long as he is longing at a good enough number and good enough source of re-knew from the wealthy. that being said, we are looking at a huge fight because the republicans are really torn up about this. what is an increase in ta
to see the rates raised where does it leave negotiations over the fiscal cliff? >> the negotiations haven't begun and they won't begin in earnest until after thig. there is a lot of speaking to the microphones. inside game and outside game that both parties are playing. obama inside game is telling labor and friends on the left he is not going to one and assuring them he will fight the big fight. at the same time, what i heard in the press conference in another statement was actually...
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Jul 25, 2012
07/12
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could you talk about the idea of going over the cliff, as being a good idea? >> with respect to the fiscal cliff, what we've said is that we prefer to act now, but republicans hold the keys to this lock in their hands. as soon as they decide not to hold the 98% hostage to the 2%, we can move forward. it's true that at the end of this year, by law, all those tax cuts expire. and so you'd be sort of starting from a new base line. you'd be starting from scratch. but i should just emphasize, again, we hope we don't get to that point. >> great work by jackie in santa clara, calling c-span this morning. and we have some new designs for our off the cliff campaign buttons. nicholas smith from glendale, california sent us two versions of his button. benjamin pendleton from spotswood, new jersey, sent us these. and john of albany, new york, sent us this one with the thelma and louise touch. for an explanation of what happens if our government goes off the cliff on new year's eve, you can go to our website, thelastword.msnbc.com. >>> coming up, team bachmann calls john m
could you talk about the idea of going over the cliff, as being a good idea? >> with respect to the fiscal cliff, what we've said is that we prefer to act now, but republicans hold the keys to this lock in their hands. as soon as they decide not to hold the 98% hostage to the 2%, we can move forward. it's true that at the end of this year, by law, all those tax cuts expire. and so you'd be sort of starting from a new base line. you'd be starting from scratch. but i should just emphasize,...